Vinva Investment Management Ltd Purchases 21,864 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Vinva Investment Management Ltd grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 50.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 65,069 shares of the restaurant operator's stock after acquiring an additional 21,864 shares during the quarter. Vinva Investment Management Ltd's holdings in Chipotle Mexican Grill were worth $3,910,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. United Bank grew its stake in Chipotle Mexican Grill by 13.7% during the third quarter. United Bank now owns 36,851 shares of the restaurant operator's stock worth $2,123,000 after buying an additional 4,451 shares in the last quarter. Caprock Group LLC boosted its position in shares of Chipotle Mexican Grill by 13.3% during the 3rd quarter. Caprock Group LLC now owns 35,899 shares of the restaurant operator's stock worth $2,069,000 after acquiring an additional 4,205 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Chipotle Mexican Grill in the third quarter valued at approximately $2,838,000. Parnassus Investments LLC acquired a new position in Chipotle Mexican Grill during the third quarter valued at approximately $964,000. Finally, Premier Fund Managers Ltd bought a new stake in Chipotle Mexican Grill during the third quarter worth $57,335,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock traded up $1.09 on Monday, reaching $49.62. 15,511,950 shares of the company's stock were exchanged, compared to its average volume of 13,052,208. The company has a market capitalization of $67.25 billion, a P/E ratio of 44.69, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $47.55 and a 52 week high of $69.26. The firm's 50-day moving average is $54.53 and its two-hundred day moving average is $57.72.

Remove Ads

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

CMG has been the subject of a number of research analyst reports. Loop Capital raised Chipotle Mexican Grill from a "hold" rating to a "buy" rating and boosted their price target for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Royal Bank of Canada reissued an "outperform" rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and raised their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Piper Sandler lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Finally, Truist Financial raised their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.67.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.